Daily Market Insight

• US job openings stay elevated as labor market remains tight • Euro zone economic growth trimmed to zero q/q at end of 2022 • China CPI inflation softens in Feb, PPI worsens on weak manufacturing • Oil extends losses amid US rate-hike concerns

• Hawkish Powell puts 50 bp Fed rate hikes back on table • ECB survey sees moderating inflation, rising wage expectations • Japan runs record current account deficit in January • Dollar jumps as Powell flags higher terminal rate

• US services sector grows steadily; prices stubbornly high • Japan’s January real wages drop at fastest pace since 2014 • South Korea revised Q4 GDP -0.4% q/q, matching earlier estimate • Oil prices advance ahead of Chinese trade data, Powell testimony

• US labor market stays resilient, initial jobless claims fell to 190k • US manufacturing PMI continued to contract, but set to improve • Euro zone inflation softens to 8.5% in February • Thailand’s export fell for the fourth consecutive month in January • 2-year US Treasury yield reaches highest in more than a decade

• U.S. mortgage interest rates remain at highest level since November • Japan corporate capex rises despite weaker profits • German inflation unexpectedly accelerates in February • Dollar drops as commodity currencies gain on China optimism; euro rises on hot inflation

• U.S. consumer confidence retreats, house price inflation cools further • Australia CPI inflation eases in Jan, still pinned to 30-year highs • Chinese business activity blows past pre-COVID levels in Feb • Dollar edges higher, set for 1st monthly gain since September

• U.S. core capital goods orders post largest gain in five months; shipments surge • Australia current account surplus bounces back in Dec quarter • China property price fall to deepen in H1 before rising faster in 2023 • Oil steadies after fall on fear of rate hikes, rising inventories

• U.S. PCE prices rose 0.6% in January, stoking fears of higher Fed rates for longer • German economy shrinks 0.4% in fourth quarter, weak start to 2023 seen • China’s Uneven Recovery Continues With Industrial Sector Lagging • Yen faces more pain as incoming BoJ governor Ueda torpedoes hopes of policy pivot

• U.S. labor market resilient; inflation hotter in fourth quarter • Euro zone inflation marginally higher in Jan; core also lifted • Japan CPI inflation hits 41-year high in Jan as BOJ changes loom • Dollar to build on gains as rate-hike path unlikely to narrow until Fed meets next

• U.S. home sales post 12th straight monthly drop; house price inflation slows • Japan manufacturers gloomy as global slowdown hurts • German inflation remains high at start of year • Oil prices rise on potential for deeper Russian supply cut